XECT.DE vs. XZWG.DE
XECT.DE (Xtrackers MSCI Europe Climate Transition UCITS ETF 1C) and XZWG.DE (Xtrackers II ESG Global Government Bond UCITS ETF) are both exchange-traded funds - XECT.DE is a Europe Equities fund tracking the MSCI Europe NR EUR, while XZWG.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg EUR. Both are passively managed. Over the past 3 years, XECT.DE returned 12.10%/yr vs -0.15%/yr for XZWG.DE. At a 0.13 correlation, their price movements are largely independent. XECT.DE charges 0.12%/yr vs 0.20%/yr for XZWG.DE.
Performance
XECT.DE vs. XZWG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XECT.DE achieves a 6.91% return, which is significantly higher than XZWG.DE's 0.27% return.
XECT.DE
- 1D
- 0.42%
- 1M
- 3.27%
- YTD
- 6.91%
- 6M
- 9.38%
- 1Y
- 14.52%
- 3Y*
- 12.10%
- 5Y*
- —
- 10Y*
- —
XZWG.DE
- 1D
- 0.08%
- 1M
- 0.56%
- YTD
- 0.27%
- 6M
- -0.20%
- 1Y
- -1.37%
- 3Y*
- -0.15%
- 5Y*
- —
- 10Y*
- —
XECT.DE vs. XZWG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XECT.DE Xtrackers MSCI Europe Climate Transition UCITS ETF 1C | 6.91% | 16.87% | 7.18% | 7.63% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.27% | -4.17% | 1.51% | 3.03% |
Correlation
The correlation between XECT.DE and XZWG.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.13 |
Over the past year, XECT.DE and XZWG.DE have become more correlated (0.37) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
XECT.DE vs. XZWG.DE — Risk / Return Rank
XECT.DE
XZWG.DE
XECT.DE vs. XZWG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Climate Transition UCITS ETF 1C (XECT.DE) and Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XECT.DE | XZWG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.95 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | -0.51 | +1.80 |
| Martin ratioReturn relative to average drawdown | 4.73 | -0.97 | +5.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XECT.DE | XZWG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | -0.35 | +1.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | -0.64 | +1.55 |
Drawdowns
XECT.DE vs. XZWG.DE - Drawdown Comparison
The maximum XECT.DE drawdown since its inception was -16.63%, smaller than the maximum XZWG.DE drawdown of -20.85%. Use the drawdown chart below to compare losses from any high point for XECT.DE and XZWG.DE.
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Drawdown Indicators
| XECT.DE | XZWG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -20.85% | +4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -2.66% | -8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -7.10% | -9.53% |
Current DrawdownCurrent decline from peak | -1.91% | -17.96% | +16.05% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -15.29% | +13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 1.41% | +1.65% |
Volatility
XECT.DE vs. XZWG.DE - Volatility Comparison
Xtrackers MSCI Europe Climate Transition UCITS ETF 1C (XECT.DE) has a higher volatility of 4.45% compared to Xtrackers II ESG Global Government Bond UCITS ETF (XZWG.DE) at 1.43%. This indicates that XECT.DE's price experiences larger fluctuations and is considered to be riskier than XZWG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XECT.DE | XZWG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 1.43% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.31% | 2.90% | +8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 3.87% | +9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 6.68% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.05% | 6.68% | +6.37% |
XECT.DE vs. XZWG.DE - Expense Ratio Comparison
XECT.DE has a 0.12% expense ratio, which is lower than XZWG.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XECT.DE vs. XZWG.DE - Dividend Comparison
XECT.DE has not paid dividends to shareholders, while XZWG.DE's dividend yield for the trailing twelve months is around 2.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XECT.DE Xtrackers MSCI Europe Climate Transition UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZWG.DE Xtrackers II ESG Global Government Bond UCITS ETF | 2.58% | 2.53% | 2.56% | 1.74% | 1.16% |
Frequently Asked Questions
XECT.DE and XZWG.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XECT.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XECT.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for XZWG.DE.
XECT.DE is categorized as Europe Equities, while XZWG.DE is Global Bonds. XECT.DE tracks MSCI Europe NR EUR, while XZWG.DE tracks Bloomberg Global Aggregate TR Hdg EUR. Their fees differ too: 0.12% for XECT.DE and 0.20% for XZWG.DE.
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